Akora Finance

A conversation could could change a life.
A conversation could save a life.

Refinance for a lower rate ✔️
$4,000 cash gift from bank to client ✔️
5 star google review for Akora✔️

Many mortgage customers don't realise that by 'setting and forgetting' their mortgage, they often end up having a higher interest rate than new clients to the same bank or if they had used a broker to shop around - essentially paying a 'loyalty tax'.

Great to see this run in the AFR this week - here are some key points:

* "The so-called “loyalty tax” is known in the banking sector as the gap between pricing on the “front book” (new loans) and the “back book” (existing loans). It results in longer-term customers paying more as banks fight to attract new customers with sharper loan pricing."

* "Even though property prices have started to fall, the steep rises over previous years means most homeowners will have accumulated more equity to qualify for lower rates based on LVR discounts being offered to new customers."

* Akora Finance works with over 30 lenders and can compare some of the sharpest rates on the market to see if you might be able to save money and lower your monthly payments or interest charges each month and year.

Are you paying the loyalty tax?

$70,000 home loan ‘loyalty tax’ netting banks $4.5b The big four are making billions a year by charging higher interest rates to loyal customers as they fight hard for new ones, data from Lendi reveals.

5 stars from a happy home buyer customer.

Westpac is publishing that they expect the RBA to hike official interest rates by 0.50% in both July and August.

Per their report - "Effectively 90% of mortgage borrowers are directly exposed to moves in the RBA cash rate over the next year and a half. The rate affects borrowers and homeowners through multiple channels, including: the cash flow of existing borrowers; the capacity of prospective borrowers to obtain and service new loans; the wealth effect from associated adjustments in house prices; and via confidence effects."

Now is a great time to reach out to your finance broker to see if you might be able to get a better deal! Please let us know if we can help at Akora Finance

https://westpaciq.westpac.com.au/Article/52725/

RBA to hike rates by 50 basis points in both July and August – terminal rate to reach 2.6% We have lifted our forecast for the RBA’s terminal rate from 2.35% to 2.6%. That entails a 50 basis point lift in the cash rate at the August meeting (revised up from 25 basis points) prior to a pause in September. The last hike is expected be 25 basis points in February.

A Mortgage Broker will help you compare and find a loan that best suits your needs and circumstances.

Going directly to a bank limits you only to their two or three products, where as a broker has access to a range of banks and lenders - maybe even the bank you would have gone to - and can filter through all the noise and narrow it down to the best option available to you!

A broker also helps navigate the loan and property buying process - from helping to calculate your borrowing capacity, arranging your pre approval and liaising with the bank all the way through to the settlement.

With Akora, our home loan service is free to the customer (the lender pays us so you don’t have to) - so it is a no brainer if you want options, choice and great service.

Put simply, a Akora Finance can save you time and money.

🏠 ✅

Fantastic way to finish this week with another 5 star review just in for a home loan client!

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📧[email protected]
📲0402258451

Client feedback ✅

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📧[email protected]
📱0402258451

Client feedback ✅

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📩[email protected]
📱0402258451

Did you know you can consolidate other debts and combine them in to your home loan - meaning you can take advantage of low home low rates and pay out things like your credit card, car loans, personal loans or many other types of debt!
It is a great way to save money on monthly payments!
Get in touch if you would like to know more!
📧[email protected]



Subject to lender assessment, eligibility and criteria.

Reasons to refinance - Sometimes change can be good!
Have you reviewed your home loan recently to compare what’s available on the market? As well as a better rate - some lenders are offering extra incentives like cash back offers for new clients who refinance across. We have a comprehensive comparison of a huge number of the offers out there and can help find you a great option! And we do so free of charge!
What would you do with $4,000 cash to spend? Holiday? New TV?
[email protected] finance

Subject to lender eligibility, assessment and criteria. Let us see if you are eligible!

'Reasons to Refinance' series 📈📉🏦
Is it time for you to refinance and
get a better rate and save your hard earned money?
FYI - Our home loan comparison service is free!
👩‍💻.finance
📧 [email protected]

Subject to lender assessment, eligibility and approval.

‘Reasons to Refinance’ series 📈📉🏦
Recent Refinance outcome! Is it time for you to refinance and get a better rate and save some money?
FYI - Our home loan service is free!

👩‍💻 .finance
📧 [email protected]

Subject to lender assessment, eligibility and approval. Rates are subject to change. Example only.

It’s refinance season and the banks are being generous (we know - wtf!?)… Hit us up if you’re interested to know more!

[email protected]

Terms and conditions apply - including eligibility requirements and assessment by respective lenders! Let’s see if you qualify 💪🏽

We have over 30 lenders to choose from and will do our absolute best in finding you the right option to best suit your home loan needs and goals 🏡 💰

Get in touch with us today 🤝
📧 [email protected]
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